Jain had joined the company in 2015 as its India head and was later given charge of the Asia Pacific business.
Giving a major relief to budding entrepreneurs, the government in February relaxed the definition of start-ups and allowed them to avail full angel tax concession on investments of up to Rs 25 crore.
Several executives had left the company after Ola acquired Foodpanda in 2017.
The company's services are either currently not available or are scantily available across many Tier 2-3 cities and in select pockets of metro cities.
A regulatory sandbox (RS) usually refers to live-testing of new products or services in a controlled and test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the testing.
Last month, the company had also announced a commitment of Rs 1,400 crore for the India and Nepal markets.
The startup aggregates freelance HR consultants on its platform and connects them with businesses ad consulting assignments best suited for them.
The company, which competes with larger rivals like Amazon and Walmart-owned Flipkart, said its 'Snapdeal 2.0 strategy' (launched in August 2017) has helped driving 3X growth in business volumes, while reducing costs by 90 per cent.
According to sources, Snapdeal has initiated preliminary discussions with Shopclues to evaluate a potential strategic alliance.
Delhi-based Koala Kabs provides rides for women by women drivers.
Watch Sakshi Batra in conversation with Priyanka Sahay to learn more about Oyo's new food delivery venture called 'Adrak'.
The company has hired Chandan Agarwal as the head of food and beverage and cloud kitchen unit.
The Bangalore-based Ola, has however, said there are no differences with SoftBank.
The Indian food-delivery market is dominated by Swiggy and Zomato with Uber Eats and Foodpanda playing catch up.
Sakshi Batra gets in a conversation with Moneycontrol's Priyanka Sahay to find out the reason behind the growth in revenue.
The saffron party also promised the creation of a seed startup fund of Rs 20,000 crore, which will be utilised for investing in early stage companies.
The company will continue to invest in growing the market at the same pace as long as there is long term value to create, it added.
Many products are still entering India through Delhi, Bengaluru and Kochi.
The company, which provides merchants with interoperable UPI QR codes, said the proceeds from the series A round would be deployed towards scaling its operations.
As on date, the Paytm Payments Bank has 4.4 crore savings bank account with deposit of over Rs 400 crore; and there are as many as 26 crore wallet accounts.
The newly launched cities include Bulandshahr, Shahjahanpur, Solan, Palwal, Rewari, Machilipatnam, Nandyal, Bhimavaram, Ongole, Srikakulam, Kadapa, Kottayam, Kollam, Khanna, Gurdaspur, Ambur and Deoghar.
The department, under the commerce and industry ministry, has already prepared a draft definition and is now seeking views of stakeholders.
A draft policy issued by the government on February 23 stressed upon the need for e-commerce companies to construct a registered business entity in India in order to comply with the norms.
The Congress scion also said that entrepreneurs will get fiscal and tax incentives depending on their ability to create jobs. These tenets will be a part of Congress manifesto, which is set to be released in April.
Only last month, the current government widened the definition of a startup, making it smoother for investors to put in their money in these companies. The government also increased the age cap for startups from 7 to 10 years.